Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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A whale that had been long on BTC in a revolving loan sold WBTC and ETH to repay its loan just before reaching the liquidation threshold.
2025-11-05 01:32

According to monitoring by on-chain analyst EmberCN, a whale who previously held a total of 1,320 WBTC (approximately $132 million) through revolving lending has seen its position approach the liquidation threshold after today's market decline.

To mitigate risk, the whale sold approximately 465.4 WBTC and 2,686 ETH two hours ago, obtaining about $56.52 million USDC to repay part of its loan. The average selling price for WBTC was approximately $102,722, and the average selling price for ETH was approximately $3,244.